Cardone Industries 31-672 Remanufactured Distributor on 2040-parts.com

Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.

The Hamster needs a garage!

Poor old Richard Hammond. First he gets nearly killed playing silly-buggers with a mad rocket car, and now the poor man has nowhere to keep his own cars. Like Clarkson, Top Gear presenter Hammond lives in the sticks, in his case in rural Herefordshire close to the Welsh border, and about 50 miles from his co-presenter.

Toyota recalls 550,000 vehicles for steering issue

Toyota has recalled 550,000 vehicles around the globe for a potential defect that could impact steering capabilities. The fix involves a replacement for the crankshaft pulley on V6 engines. Toyota said if the problem isn’t corrected, the belt for the power steering could become detached from the pulley, making it tough to steer.